Detect and prevent a wide variety of payment fraud schemes (e.g. deposit fraud, on-us cheque fraud, cheque kiting) using cross-channel and cross-account analytics, monitoring internal and external users, and evaluating unusual patterns.
Despite the declining cheque volumes in the banking industry, losses attributed to cheque fraud are still very significant. Fraudsters are using a variety of methods through multiple channels, using cutting-edge technologies.
Bottomline's payment fraud solution provides cross-channel analytics, which can be utilised for detecting a wide range of cheque fraud schemes including deposit fraud, on-us cheque fraud, and cheque kiting. The system tracks activity across multiple accounts of the same customer, and detects direct and indirect links between accounts and customers.